Daily News

Source: BNN Bloomberg May 18, 2024

ISS supports Gildan nominees put forward by activist shareholder Browning West

Institutional Shareholder Services Inc. is throwing its support behind a slate of board nominees and a former chief executive that dissident Gildan Activewear Inc. shareholders have been fighting to see run the company. ISS, a prominent advisory service, i...

Source: Financialpost May 18, 2024

U.S. tariffs on the EV supply chain pose policy dilemma for Canada

Canadian companies now have more incentive to sell south of the border than in their own country Get the latest from Gabriel Friedman straight to your inbox Sign Up Eric Desaulniers, chief executive of Montreal-based Nouveau Monde Graphite Inc., figur...

Source: Financialpost May 18, 2024

FP Answers: Should I pay myself dividends from my company to avoid CPP premiums?

Passing on the premiums might save money today but cost you retirement income in the futureReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost May 18, 2024

Chinese-made Teslas land in Canada due to Biden's tariff wall

44,000 Teslas arrived from China at the port of Vancouver last yearThe Biden administration is quadrupling U.S. tariffs on electric vehicles manufactured in China. But Chinese-made cars are still finding their way into a receptive North American market — jus...

Source: Financialpost May 18, 2024

Would-be homebuyers are in limbo and only the Bank of Canada can free them

Robert McLister: Buyers are sitting on their wallets and it looks like rate cuts are the only thing that will change thatIt’s Canada’s worst-kept economic secret. We apologize, but this video has failed to load. Try refreshing your browser, ortap here...

Source: BNN Bloomberg May 17, 2024

More companies are selling shares to help cut debt

When Metals Acquisition Ltd. bought a copper mine in Australia from Glencore Plc for almost US$900 million upfront in 2023, it turned to the debt markets to help fund the purchase. With borrowing costs now much higher after the end of the easy money era, m...

Source: BNN Bloomberg May 17, 2024

Dow eclipses 40,000 for first time as investors bet on rate cuts

The Dow Jones Industrial Average eclipsed 40,000 for the first time on Thursday as investors grow confident that the stock market rally can keep running on hopes the U.S. Federal Reserve will start cutting interest rates later this year. The oldest of Wall...

Market Call Source: BNN Bloomberg May 17, 2024

Jamie Murray's Top Picks: May 16, 2024

Jamie Murray, portfolio manager and head of research, The Murray Wealth Group FOCUS: North American equities  MARKET OUTLOOK: The Murray Wealth Global Equity Growth Fund was a top-performing fund in the recent RBC Fund Survey. This is due to our di...

Marijuana Source: BNN Bloomberg May 17, 2024

Canadian cannabis stocks rally as U.S. takes another step toward reclassifying pot

Canadian cannabis stocks are rallying after U.S. President Joe Biden announced the country had taken a "major step" toward reclassifying pot as a less dangerous drug. Shortly after he revealed on X, formerly known as Twitter, that the country had formally...

Company News Source: BNN Bloomberg May 17, 2024

Walmart tops US$500 billion in market value as results impress

Walmart Inc. shares surged on Thursday, pushing the retailer’s market value over US$500 billion for the first time, after it posted stronger-than-expected first-quarter earnings and boosted its annual sales and profit forecasts. Its shares climbed 7 per ce...